Topic: [ANN][STEEM][POW] - An experimental Proof of Work blockchain (Read 10450 times)

New Thread for Relaunch: https://bitcointalk.org/index.php?topic=1410943.new#new

Relaunch in 1 hour.
Ports will change
New thread will be created in 30 min.

im in for the relaunch 

Reverse split, we have many years before that becomes an issue.

You already overflowed one integer with this coin. What's going to happen to an int64_t after 12 years of doubling?

Then you are just careless.

You need more than 30 minutes of lead time.

With respect to wasting money, we lose more in dev time than any hash power.
You are entitled to your opinions on inflation
Consider this the notice, we will relaunch today. 
We will make the announcement in this thread
Not doing anything to hurt anyone on purpose.

My first suggestion is not to relaunch. This coin has been bullshit and you are just making it worse. It seems like you want to relaunch because others have been finding blocks besides you.

Hard fork it like an adult. Relaunches will make you lose any support you are gaining.

1. If it's unproven, don't rent $200/day of hashes because you are not only wasting your money but others as well
2. 100%+ interest for a pow coin is not sustainable, there is a reason bitcoin halves every 4 years
3. 30 minutes is not enough time because people will be sleeping
4. make the announcement in this thread so you don't fuck over people who have been following early
5. basically don't do a lot of things to fuck over people on purpose

Yeah it's your coin, but your approach has been juvenile. You think this relaunch is responsible, but in fact it's just a symptom of how you operate.

If you want others to help, quit fucking with us and be grown-up about it. Don't piss off the people you want to help you.

A simple and clear mining guide please.

How about windows binaries so the rest of us can mine?

How about a compiled wallet or instructions how to build the fuck thing

I have good news and bad news...

bad news: we have identified an integer overflow bug in the POW scheduling that only shows up when difficulty got high (thus didn't show up on our tests).
good news: we have decided to relaunch the chain with the fix and in a way that will hopefully make more people happy

On the relaunch we will do the following:

1. Start a new Thread
2. Give 30 minutes notice ahead of the start of mining
3. Not squat on any names

If there are any other requests for the relaunch we will consider them now.  

Like we said from the beginning this is experimental / unproven consensus and beta software.  

@dev, how to access http API ? im trying that but not succeeded, also i saw a GUI API what is that ?

Is there any Windows Wallet, GUI and Miner please? OP/Dev need to include more information about this.

POW is only found on average once every 21 blocks.  So it results in an average of 1 per block, but there is some randomness and luck to it.

Thanks for info, can you explain this line more :

  - that leaves 2 STEEM per block, 1 to the producer for producing the block, and 21 to the producer for including someone else POW.

where did the other 21 STEEM comes from if the block reward is 2 STEEM ?

i never got a block with 21 STEEM rewards, im always getting 1 STEEM and only 1 VESTS once time for each miner.

1. the coin is not impossible to mine, I have a standard desktop PC running the open source code and producing several POW per hour
2. you may have noticed VESTS (vesting STEEM), the Steem network is set up to ensure that 90% of all all Steem is locked for an average of 1 year continuously.
3. after the initial bootstrap phase, all mining rewards automatically get converted to vesting Steem (see code for details)
4. someone asked about the supply 143994.000 STEEM    vs block number 35706 showing an average STEEM per block of 4.00
    - 50% of that supply is actually locked up by the network to be distributed on July 4th, 2016 based upon another kind of proof of work (already coded, no hard forks).
    - that leaves 2 STEEM per block, 1 to the producer for producing the block, and 21 to the producer for including someone else POW.

{
  "id": "2.0.0",
  "head_block_number": 35706,
  "head_block_id": "00008b7a0d1a0c61f9d8b13e1fe484a9b7efa12a",
  "time": "2016-03-24T12:43:33",
  "current_witness": "alice",
  "total_pow": "18446744048010777929",
  "num_pow_witnesses": 80,
  "virtual_supply": "143994.000 STEEM",
  "current_supply": "143994.000 STEEM",
  "confidential_supply": "0.000 STEEM",
  "current_sbd_supply": "0.000 SBD",
  "confidential_sbd_supply": "0.000 SBD",
  "total_vesting_fund_steem": "270.000 STEEM",
  "total_vesting_shares": "270.000000 VESTS",
  "total_reward_fund_steem": "71412.000 STEEM",
  "total_reward_shares2": "0",
  "sbd_interest_rate": 1000,
  "average_block_size": 115,
  "maximum_block_size": 131072,
  "current_aslot": 44071,
  "recent_slots_filled": "340282366920938463463374607431768211455",
  "last_irreversible_block_num": 35685,
  "max_virtual_bandwidth": "4151066908544379562",
  "current_reserve_ratio": 1786,
  "head_block_num": 35706,
  "head_block_age": "2 seconds old",
  "participation": "100.00000000000000000",
  "median_sbd_price": {
    "base": "0.000 STEEM",
    "quote": "0.000 STEEM"
  }
}

hey dev, please check pm.

Reward is constant until it inflation reaches about 113% per year, then it remains at that level.

WTS 1,000 STEEM 

PM